Enrico Moretti is Professor of Economics at the University of California,Berkeley where he holds the Michael Peevey and Donald Vial Career Development Chair in Labor Economics. He is the Director of the Urbanization Program at the International Growth Centre (London School of Economics) and Visiting Scholar at the Federal Reserve Bank of San Francisco. He is also Research Associate at the National Bureau of Economic Research (Cambridge) and Research Fellow at the Centre for Economic Policy Research (London) and the Institute for the Study of Labor (Bonn). His research interests include Labor Economics, Urban Economics and Regional Economics. His new book, The New Geography of Jobs, is available in bookstores.
My research shows that for each additional job in a high-tech company in a local community, you create about five additional jobs outside high-tech in that community.